Inspire Investing LLC Grows Stock Position in AGCO Corporation $AGCO

Key Points

• Inspire Investing LLC increased its shares in AGCO Corporation by 64% during the first quarter, holding a total valued at $653,000.
• Multiple hedge funds modified their positions in AGCO, with institutional investors and hedge funds owning 78.80% of the company's stock.
• AGCO recently declared a quarterly dividend of $0.29 per share, contributing to an annualized dividend of $1.16 and a yield of 1.1%.

Inspire Investing LLC lifted its holdings in shares of AGCO Corporation (NYSE:AGCO - Free Report) by 64.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,051 shares of the industrial products company's stock after buying an additional 2,752 shares during the period. Inspire Investing LLC's holdings in AGCO were worth $653,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Citizens National Bank Trust Department raised its holdings in shares of AGCO by 400.0% during the 1st quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company's stock worth $28,000 after buying an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in AGCO in the 1st quarter worth about $32,000. Geneos Wealth Management Inc. increased its holdings in AGCO by 109.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company's stock worth $34,000 after purchasing an additional 190 shares in the last quarter. Quarry LP acquired a new position in AGCO in the 1st quarter worth about $37,000. Finally, Brooklyn Investment Group increased its holdings in AGCO by 98.7% in the 1st quarter. Brooklyn Investment Group now owns 590 shares of the industrial products company's stock worth $55,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AGCO. UBS Group reaffirmed a "neutral" rating and issued a $119.00 target price (up previously from $100.00) on shares of AGCO in a report on Friday, August 8th. The Goldman Sachs Group upped their target price on AGCO from $91.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, May 27th. Oppenheimer increased their price target on AGCO from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Citigroup reissued a "neutral" rating and issued a $110.00 price target on shares of AGCO in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. decreased their price target on AGCO from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $109.38.

Insider Buying and Selling at AGCO

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $109.40, for a total value of $1,094,000.00. Following the transaction, the senior vice president owned 16,189 shares in the company, valued at $1,771,076.60. This trade represents a 38.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 16.60% of the stock is owned by corporate insiders.

AGCO Stock Up 1.4%

AGCO stock traded up $1.58 during mid-day trading on Thursday, reaching $110.88. The stock had a trading volume of 171,106 shares, compared to its average volume of 856,783. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48. AGCO Corporation has a fifty-two week low of $73.79 and a fifty-two week high of $121.16. The stock's 50-day simple moving average is $110.78 and its 200-day simple moving average is $101.09. The firm has a market capitalization of $8.27 billion, a PE ratio of 82.62, a price-to-earnings-growth ratio of 1.75 and a beta of 1.20.

AGCO (NYSE:AGCO - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.29. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the company earned $2.53 earnings per share. The company's revenue for the quarter was down 18.8% on a year-over-year basis. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. On average, sell-side analysts forecast that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 15th. AGCO's dividend payout ratio (DPR) is currently 86.57%.

AGCO announced that its Board of Directors has approved a share buyback program on Wednesday, July 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 12.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.